Nikon To Acquire RED… Hollywood's Digital Movie Camera Maker [Forbes]
NIKON CORP UNSP/ADR (NINOY)
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Source: Forbes
Exciting news coming out of Tokyo this morning with the announcement that Nikon is acquiring the movie camera maker RED. According to a press release issued on March 7, the Nikon Corporation has entered into an agreement to acquire 100% of the outstanding membership interests of RED.com , LLC (RED) whereby RED will become a wholly owned subsidiary of Nikon. Since its establishment in 2005, RED has been at the forefront of digital cinema cameras, introducing industry-defining products such as the original RED ONE 4K to the cutting-edge V-RAPTOR [X] with its proprietary RAW compression technology. RED's contributions to the film industry have not only earned it an Academy Award but have also made it the camera of choice for numerous Hollywood productions, celebrated by directors and cinematographers worldwide for its commitment to innovation and image quality optimized for the highest levels of filmmaking and video production. RED Makes high-end digital movie cameras like try Rap
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